Anglesey Mining Share Discussion Threads

[trader465] 05/5/2023 08:06

Paid for research (paid for with shareholder funds) isn’t worth the ink it’s printed with. Neither is paid for BBC coverage. Perhaps an attempt to raise the profile ahead of the next placing? The reality is here annual cash burn is now a whopping 20% of the market cap.

Now there goes the bid below 2p again! No surprise there. 1.5p bid soon?

[j5thumbs] 05/5/2023 07:46

Observer007, this sounds suspiciously like W.H.Ireland's price target of 11p set quite a few months ago.

[spacedust] 05/5/2023 07:45

Dumping today.

We need pumping to 11p. Come on you bag of shttt

[sos100] 05/5/2023 07:39

Bodgit - your correct.

If things go to plan then who knows it could happen. Just not that impressed with news flow here ,lack of director buys and that last interview (when mildly questioned didn't really come across that well)

[trader465] 05/5/2023 07:31

The share price isn’t moving, the bid has been around 2p for months. The perceived movement on the chart in the header is simply the spread ranging between 5 and 20%, it’s certainly not the bid moving up

[broken_arrow1] 05/5/2023 07:26

Most retail brokers are 'at best' for any size order.

Seems they are locking out retail investors currently.

[bodgit] 05/5/2023 07:14

SOS100, agreed though just occasionally their guesses turn out to be correct! Right now, I would be happy just to get my holding in AYM back in the money. I need 'only' a penny on the bid for that. These are staying in the bottom drawer though I will be disappointed if there isn't good news before the year is out. We'll see. Gla.

[broken_arrow1] 05/5/2023 07:10

IG want a premium for just £3k of shares, one wonders if there is a background buyer.

[sos100] 05/5/2023 07:04

most people are now wise to ridiculous share price targets...

[observer007] 05/5/2023 06:55

I have found the FT detail, re the 11p price target, here is the screenshot

One wonders who the analyst is and what does he know ?

[trader465] 05/5/2023 06:32

“If my sums are correct it would give a valuation of £31m”

What “sums” did you do to arrive at the figure of £31m? The only thing on the balance sheet here is parys mountain said by the company to be worth £15m.

There are fully funded miners in production with valuations less than £31m.

[benjamin15] 05/5/2023 06:15

A re-rate then a raise of funds 🤔

[observer007] 05/5/2023 05:38

The surge in volume was not a pump and dump, in the FT it stated an analyst had a price target of 11p for Anglesey.

If my sums are correct it would give a valuation of £31m, that is not really demanding.

In previous interviews the CEO has suggested major undervaluation to peers.

A re-rate seems likely therefore.

[dave4545] 04/5/2023 18:44

Well the current worst pump and dumper profit7/earlof aim is running his 5-10 bagger scam pump in this one to try and make 10% he might have already dumped.

[spacedust] 04/5/2023 18:09

The only hope here is a pump and dump. Hopefully tomorrow there's more buying and this flies to 4p for no reason and then next week another 100% rise on couple of days and I'm out for good

[silverspoon2009] 04/5/2023 15:20

What everyone forgets is this was trading at 4.5p twelve months ago and some posters were talking about 10p+ based on the ultra low market cap (£6m) v the 2 project NPV's that run into 100's of millions of $.

It's dam cheap.

[broken_arrow1] 04/5/2023 15:15

IG now want 2.60p for just £4k of shares.

[broken_arrow1] 04/5/2023 15:04

Something is brewing - IG want 2.46p for just £4k of shares !

[grimreaper2019] 04/5/2023 14:59

Market dynamics have changed, folks happy to bag 10%/20%/30% profits on short term trading.

Some stocks can sit dormant for months and then a major move comes from no-where, it could be due to news, rumour, internet groups, media or just ordinary investors who see value.

One suspects this stock could deliver a disproportionate gain on modest volume, as above, it hit 11p for no reason before, it might happen again - why not !

AYM have had recent meetings with some top brass including the local MP, maybe some Gov grants on their way?

[bodgit] 04/5/2023 14:58

Hmmm, interesting. Maybe something newsworthy and positive 'leaking' or just a coincidence? Gla

[calmtrader] 04/5/2023 13:47

It stirs!!

[trader465] 03/5/2023 12:18

We’ve speculated here for years, the only thing achieved in the last two years is a small 10 hole drill

Looking at the cash burn I would think a placing is going on behind the scenes

[grimreaper2019] 03/5/2023 11:40

There are loads of sector related stocks like this sitting on AIM just waiting to spring back into life - news-flow is the key driver in most cases however speculation and rumour also play a part.

This company has recently demonstrated that it can do deals with much larger outfits so anything is possible - who knows what is going on behind the scenes.

[trader465] 03/5/2023 10:08

There doesn’t seem to be anything happening at this company, everything has grind to a halt and there is no forward plan. Have all the staff gone on holiday?

With rates rising and metal prices falling any financing is looking to be increasingly unlikely.